General government funding was negative by 5 billion euros in April, meaning that acquisitions of financial assets were higher than issuance, the Bank of Portugal (BdP) said on Thursday.
In April, total government funding was negative by €5,000 million, which compares with positive funding of €1,700 million in the same month of 2022.
According to BdP, “negative net financing indicates that the government’s net acquisitions of financial assets were higher than issuances less depreciation of liabilities, meaning that the government used part of the funds received to fund other sectors of the economy.”
Financing provided to the general government sector by banks and from abroad was negative by EUR 8,300 million and EUR 5,200 million, respectively.
Families, on the other hand, funded government agencies by 8,500 million euros, mainly through investments in savings and treasury certificates.
The analysis by instrument shows that funding from net securities issues was negative by €3,400 million and funding from loans less deposits was negative by €1,500 million.
Author: Portuguese
Source: CM Jornal
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